The IFRS Foundation has published an exposure draft for public
consultation of IFRS taxonomy for this 2011, including IASs and the
IFRS for SMEs.
The Taxonomy is a translation of IFRSs, issued at the start of
the month, into XBRL software or (eXtensible Business Reporting
Language).
The software is used to electronically file tax information,
particularly within jurisdictions reporting under IFRS.
The exposure draft is open for comment until 18 March
2011. IFRSs issued by the IASB from 1 January 2011 will be
published as interim releases for the 2011 taxonomy following the
publication of the final taxonomy at the end of March.
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